Fermi Inc. (NASDAQ:FRMI) Stock Has Average Target Price of $20.67

Fermi Inc. (NASDAQ:FRMI) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.67.

Several equities research analysts have recently commented on FRMI shares. Stifel Nicolaus reduced their price target on shares of Fermi from $29.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Mizuho lowered their price objective on shares of Fermi from $27.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Cantor Fitzgerald lowered their price objective on shares of Fermi from $12.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Weiss Ratings downgraded shares of Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 14th.

Fermi Stock Performance

Fermi stock opened at $3.16 on Monday. The stock has a market cap of $2.03 billion and a PE ratio of -2.68. Fermi has a one year low of $3.00 and a one year high of $30.90. The stock has a fifty day moving average of $4.96 and a 200 day moving average of $5.95.

Fermi (NASDAQ:FRMI) last posted its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, sell-side analysts predict that Fermi will post -0.33 EPS for the current fiscal year.

Trending Headlines about Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: MUFG loan amendment reduces near-term debt pressure. Fermi amended financing terms for Project Matador through two indirect subsidiaries, helping ease near-term debt obligations as it develops its 222-megawatt Texas power and AI data-center project. What’s Going On With Fermi Stock Friday?
• Positive Sentiment: AMD support continues to validate Project Matador. AMD’s credit support for Fermi’s Texas power lease could improve the project’s financing prospects and strengthen the company’s AI infrastructure growth story. AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
• Positive Sentiment: Cantor Fitzgerald retains an “overweight” rating. The firm lowered its price target from $12 to $8 but still sees significant potential upside, providing some analyst support despite a more cautious valuation.
• Neutral Sentiment: Investors are awaiting third-quarter results. Fermi is preparing to report earnings, with analysts forecasting a full-year loss of approximately $0.33 per share. The results and management’s commentary on liquidity, construction and lease execution could be important near-term catalysts.
• Negative Sentiment: Major shareholder sales are weighing on sentiment. Toby Neugebauer disclosed sales of 2.75 million shares on October 13 and 1.2972 million shares on October 14, worth approximately $10.3 million and $4.1 million, respectively. The transactions reduced his reported holdings by roughly 2.9% each and may signal caution or create additional selling pressure, although he remains a substantial shareholder. Insider Selling: Fermi Major Shareholder Sells Shares
• Negative Sentiment: Financing and execution risks remain. While the MUFG amendment and AMD support are constructive, Fermi still must secure funding and convert its planned power capacity and AI-cloud leases into operational, revenue-generating facilities.

Insider Buying and Selling

In other Fermi news, major shareholder Toby R. Neugebauer sold 1,297,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $3.15, for a total transaction of $4,086,180.00. Following the completion of the sale, the insider directly owned 43,359,176 shares of the company’s stock, valued at approximately $136,581,404.40. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its position in shares of Fermi by 22.5% during the 2nd quarter. NewEdge Advisors LLC now owns 11,431 shares of the company’s stock valued at $105,000 after acquiring an additional 2,101 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Fermi in the 2nd quarter worth $41,000. Farther Finance Advisors LLC increased its stake in shares of Fermi by 139.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,456 shares of the company’s stock worth $44,000 after purchasing an additional 6,083 shares in the last quarter. SteelPeak Wealth LLC bought a new position in Fermi in the 3rd quarter worth $42,000. Finally, Financial Management Professionals Inc. bought a new position in Fermi in the 2nd quarter worth $104,000.

About Fermi

Fermi Inc is an energy and infrastructure company focused on developing large-scale power generation and data center facilities. The company is pursuing an integrated model designed to provide reliable electricity for high-demand computing applications, including artificial intelligence and cloud infrastructure.

Its development activities center on the planned Fermi Nuclear Campus in the Texas Panhandle. The project is expected to combine nuclear power with other generation and energy technologies, potentially including natural gas, renewable energy and battery storage, alongside data center infrastructure.